Univest Corp of Pennsylvania grew its holdings in General Electric Company (NYSE:GE) by 27.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,461 shares of the conglomerate’s stock after buying an additional 8,433 shares during the period. Univest Corp of Pennsylvania’s holdings in General Electric were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of GE. Ullmann Financial Group Inc. acquired a new stake in General Electric during the first quarter worth about $106,000. Feltz Wealth PLAN Inc. acquired a new stake in General Electric during the first quarter worth about $114,000. PHH Investments Ltd. increased its position in General Electric by 105.0% during the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after purchasing an additional 2,000 shares during the last quarter. Oakmont Partners LLC increased its position in General Electric by 3.6% during the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after purchasing an additional 278 shares during the last quarter. Finally, Cascade Investment Advisors Inc. increased its position in General Electric by 25.2% during the second quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock worth $218,000 after purchasing an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 54.29% of the company’s stock.
In other General Electric news, Director James S. Tisch bought 100,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $24.56 per share, with a total value of $2,456,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.36% of the company’s stock.
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General Electric Company (GE) traded down $1.47 during mid-day trading on Tuesday, reaching $19.02. 261,557,400 shares of the company’s stock were exchanged, compared to its average volume of 42,257,457. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a 12 month low of $18.75 and a 12 month high of $32.38. The firm has a market capitalization of $155,230.00, a PE ratio of 16.53, a P/E/G ratio of 2.15 and a beta of 1.11.
General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. equities analysts predict that General Electric Company will post 1.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.05%. General Electric’s payout ratio is 111.63%.
Several equities research analysts recently issued reports on GE shares. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective on shares of General Electric in a research report on Thursday, October 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 target price (down previously from $27.00) on shares of General Electric in a research note on Monday, July 24th. J P Morgan Chase & Co lowered their target price on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. Vetr raised shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price for the company in a research note on Tuesday, October 10th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of General Electric in a research note on Tuesday. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and a consensus target price of $25.02.
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